Letter from the Sultan of Sulu &
Sabah - a small, gas-rich sultanate located next to
Brunei on Borneo. The letter
identifies a gold bullion account held by Westpac
Bank, Melbourne, under the reference code
"Republic of the Philippines." Note
that the amount of gold involved was 30,000 metric
tonnes. In fact this is only about a third of
the gold bullion held by Westpac, according to other
papers in this author's possession. It is not
hard to conclude that the Sultan was acting as trustee
on behalf of others.
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